News Corp B (NWS)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.90 | 15.87 | 17.40 | 13.01 | 9.54 | 10.64 | 14.21 | 12.67 | 10.68 | 13.96 | 12.48 | 13.75 | 12.78 | 9.36 | 14.15 | 12.96 | 12.89 | 15.54 | 11.46 | 10.56 | |
| Number of days of payables | days | 26.26 | 23.00 | 20.98 | 28.06 | 38.25 | 34.32 | 25.68 | 28.81 | 34.18 | 26.15 | 29.24 | 26.55 | 28.56 | 39.01 | 25.79 | 28.16 | 28.31 | 23.49 | 31.84 | 34.55 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.90
= 26.26
The number of days of payables for News Corp B has fluctuated over the past few quarters. As of Jun 30, 2024, the company took approximately 26.26 days to pay its suppliers. This is an increase from the prior quarter (Mar 31, 2024) where the number of days of payables was 23.00 days.
Looking further back, the trend shows some variability, with the number of days of payables ranging from a high of 39.01 days on Mar 31, 2021, to a low of 20.98 days on Dec 31, 2023.
Overall, a lower number of days of payables indicates that the company is paying its suppliers more quickly, which can be seen as a positive sign of liquidity and potentially good relationships with suppliers. However, it is important to strike a balance between managing payables efficiently and maintaining healthy working capital levels. It would be beneficial for News Corp B to monitor its payables turnover ratio and ensure timely payments while optimizing its cash flow management strategies.
Peer comparison
Jun 30, 2024